What is Ermenegildo Zegna N.V.'s Shariah compliance score?

Ermenegildo Zegna N.V. (ZGN) has a Shariah compliance score of 63/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Ermenegildo Zegna N.V. pass AAOIFI screening?

Ermenegildo Zegna N.V. (ZGN) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (ZGN: 26.2%), (3) interest-bearing deposits below 30% (ZGN: 7.9%), and (4) prohibited income below 5% (ZGN: 1.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Ermenegildo Zegna N.V. stock?

Ermenegildo Zegna N.V. (ZGN) has a non-permissible income ratio of 1.75%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ZGN shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Ermenegildo Zegna N.V. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ermenegildo Zegna N.V. (ZGN) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about ZGN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Ermenegildo Zegna N.V. (ZGN) halal? Doubtful. Based on AAOIFI screening, Ermenegildo Zegna N.V. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 63/100 (Grade: B).

ZGN: Is Ermenegildo Zegna N.V. Halal?

Doubtful

Ermenegildo Zegna N.V.

NYSEConsumer CyclicalIT

$14.60

+0.76%

AvoidBorderlineClean

Purify ~1.8% of income

About Ermenegildo Zegna N.V.

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances. The company also offers luxury womenswear and childrenswear under the Thom Browne brand, as well as provides eyewear, cufflinks and jewelry, watches, underwear, and beachwear manufactured by third parties under licenses. It serves customers through its retail stores and online channels in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company was founded in 1910 and is based in Trivero, Italy. Ermenegildo Zegna N.V. is a subsidiary of Monterubello Societa' Semplice.

Sector: Consumer Cyclical · Industry: Apparel - Manufacturers

Why This Stock Is Doubtful

Debt is 26.2% of market cap, only 3.8 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

Acceptable

Acceptable but room for improvement

63Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap26.2% / 30.0%

Compliance History

Doubtfulnow
since Jun 2026
Halal
until the change above
Doubtful
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Purify Your ZGN Dividends

1.8% non-compliant income

ZGN has 1.8% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

3.9B

Price

$14.60

Sector

Consumer Cyclical

Industry

Apparel - Manufacturers

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Frequently Asked Questions

Is Ermenegildo Zegna N.V. (ZGN) halal to invest in?

Ermenegildo Zegna N.V. (ZGN) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Ermenegildo Zegna N.V. get a B compliance rating?

Ermenegildo Zegna N.V. (ZGN) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.2% (limit 30%); interest-bearing deposits of 7.9% (limit 30%); prohibited income of 1.75% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Ermenegildo Zegna N.V.'s Shariah verdict?

Ermenegildo Zegna N.V.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Ermenegildo Zegna N.V. re-screened for Shariah compliance?

Ermenegildo Zegna N.V. (ZGN) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 17, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.